# Edward Jones **URL:** \ **Category:** In My Humble Opinion\ **Created:** [November 25, 2017, 3:15am UTC](https://boards.straightdope.com/t/edward-jones/802639 "2017-11-25T03:15:13Z")\ **Posts on this page:** 6\ **Page:** 1
**Author:** ![Getchyou](https://avatars.discourse-cdn.com/v4/letter/g/c68b51/32.png) [@Getchyou](https://boards.straightdope.com/u/Getchyou)\ **Post date:** [November 25, 2017, 3:15am UTC](https://boards.straightdope.com/t/edward-jones/802639/1 "2017-11-25T03:15:13Z")
I’m currently using Edward Jones to manage investments I’m 65 retired and not very knowledgeable on investments. What the pros or cons about using Edward Jones, is their specific things I should look out for or should I look for other ways to manage my portfolio ---
**Author:** ![jasg](https://avatars.discourse-cdn.com/v4/letter/j/f0a364/32.png) [@jasg](https://boards.straightdope.com/u/jasg)\ **Post date:** [November 25, 2017, 3:27am UTC](https://boards.straightdope.com/t/edward-jones/802639/2 "2017-11-25T03:27:56Z")
My parents (now in their 90s) used them because a guy at church recommended them. IMO, they were sold too many high fee funds that cost them too much in commissions and fees. However, at 68 I am a confirmed Boglehead. I fired my Merrill Lynch advisor of 20 years, simplified my accounts and now I self manage them. Best financial move I ever made. I also moved my parents account to a low fee, conservative portfolio. PM me if you want to. ---
**Author:** ![Joey\_P](https://avatars.discourse-cdn.com/v4/letter/j/919ad9/32.png) [@Joey\_P](https://boards.straightdope.com/u/Joey_P)\ **Post date:** [November 25, 2017, 3:40am UTC](https://boards.straightdope.com/t/edward-jones/802639/3 "2017-11-25T03:40:28Z")
A relative of mine gifted me a stock years ago through Edward Jones. Personally, I steer people away from them. The commission is so ridiculously high it’s simply not worth it, at least not for someone like me…like (probably) a lot of us that just want to play around with stocks. Their commission is $50 per trade. For people that don’t understand, that’s $50 per move. If you have $1000 worth of Home Depot stock and want to get rid of it and get Lowes stock, you’re going to end up with $900 worth of Lowes stock. This is really only worth it in two cases. 1)Your broker gives you really good advice and/or 2)The amount of money you move is big enough that $50 per trade doesn’t bite in to it too much. IOW, if you want someone to hold your hand while you shuffle your $250,000+ retirement fund once a year or so, it’s probably worth it. Having said all that, because of relationship I had with them, I still have a bit of money there. I gave them a couple grand to see what they could actually do with it, compared to what I could do with about the same amount of money. I only let them move it around in No Commission Funds (so the trades are free) and last I checked, we’re doing about the same. ---
**Author:** ![Colibri](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/colibri/32/1841_2.png) [@Colibri](https://boards.straightdope.com/u/Colibri)\ **Post date:** [November 25, 2017, 3:45am UTC](https://boards.straightdope.com/t/edward-jones/802639/4 "2017-11-25T03:45:57Z")
Since the OP is looking for advice let’s move this to IMHO. Colibri General Questions Moderator ---
**Author:** ![eenerms](https://avatars.discourse-cdn.com/v4/letter/e/cdc98d/32.png) [@eenerms](https://boards.straightdope.com/u/eenerms)\ **Post date:** [November 25, 2017, 4:06pm UTC](https://boards.straightdope.com/t/edward-jones/802639/5 "2017-11-25T16:06:58Z")
Our Fiancial guy moved from Wells Fargo to Edward Jones. Have a meeting with the new one at Wells Fargo and with him on Monday. Our portfolio is pretty static now. We’re on the Other side working towards retirement. We will see. ---
**Author:** ![ElvisL1ves](https://avatars.discourse-cdn.com/v4/letter/e/5daacb/32.png) [@ElvisL1ves](https://boards.straightdope.com/u/ElvisL1ves)\ **Post date:** [November 25, 2017, 9:55pm UTC](https://boards.straightdope.com/t/edward-jones/802639/6 "2017-11-25T21:55:02Z")
I’m good with them. But I don’t churn my portfolio or pretend I can outsmart the other day traders; I leave it all in a couple of mutuals with them (except for my employer’s 401K) and I make sure I leave it there. The fees are unnoticeable that way and the returns and advice are good.